The Forex market is the world’s most-heavily traded market. It dwarfs equities trading by a long margin. Get the scoop on optimal spreadbetting strategies for currency trading What Makes Forex Markets Tick and How to Profit from Them? Get the Facts before You Engage in Forex Spread Betting Spread betting on forex markets requires an … “Are You Ready for Spread Betting on FX Markets?”
Category: Forex Bits
EURJPY Retains Bullish Offensive, Targets 134.98 Area
EURJPY: With the cross following through higher on the back of its Monday gains on Tuesday, it looks to retest its key resistance at the 134.98 level. Support comes in at the 133.50 level where a break will aim at the 133.00 level. A turn below here will target the 132.50 level with a breach … “EURJPY Retains Bullish Offensive, Targets 134.98 Area”
USDJPY Recovers Higher On Price Halt
USDJPY: With the pair halted its weakness to strengthen on Monday, it faces the risk of further move higher in the days ahead. On the upside, resistance resides at the 120.00 level with a turn above here aiming at the 120.50 level. A break will target the 121.00 level. Further out, resistance comes in at … “USDJPY Recovers Higher On Price Halt”
GBPJPY: Rallies Off 180.37 Zone, Set To Extend Strength.
GBPJPY: With the cross halting its weakness to trigger a rally during Monday trading session today, further bullish offensive is expected in the days ahead. This price action leaves room for more strength towards the 183.00 level followed by the 184.00 level. A cut through here will set the stage for a move further higher … “GBPJPY: Rallies Off 180.37 Zone, Set To Extend Strength.”
USDCAD Looks To Extend Bullishness, Eyes The 1.3352 Zone
USDCAD: With USDCAD closing higher the past week, it now eyes a recapture of its key resistance located at the 1.3352 level. This view is consistent with its broader bullishness now in place. Resistance resides at the 1.3352 level where a break will target the 1.3400 level. Further out, resistance comes in at the 1.3450 … “USDCAD Looks To Extend Bullishness, Eyes The 1.3352 Zone”
GOLD Sees Second Week Of Declines
GOLD: GOLD declined further the past week leaving risk of more weakness on the cards. However, while it trades above its key support zone located at 1,109.00/1,117.00, we may see it head higher in the new week on recovery. On the downside, support comes in at the 1,110.00 level where a break will aim at … “GOLD Sees Second Week Of Declines”
AUDUSD Sees Huge Sell Off, Retains Bearish Tone
AUDUSD: With AUDUSD selling off at the end of the week to follow through lower on the back of its previous week losses, more bear pressure is envisaged. On the downside, support resides at the 0.6800 level where a breach will aim at the 0.6750 level. Below that level will set the stage for a … “AUDUSD Sees Huge Sell Off, Retains Bearish Tone”
EURGBP Pushes Higher On Further Bull Pressure
EURGBP- With the cross strengthening further the past week, it looks to move further higher towards its key resistance seen at 0.7421 level. On the upside, resistance lies at the 0.7450 level where a violation if seen will turn risk towards the 0.7500 level. On further upside, the 0.7550 level comes in as the next … “EURGBP Pushes Higher On Further Bull Pressure”
Stock market outlook: Volatility indicators point towards further downside
Paul Rodriguez – Director of ThinkTrading.com – joined Zak Mir in the Tip TV studio to discuss the equity markets, and how volatility indicators might be pointing to another large downside. FTSE set for a sharp down leg Rodriguez believes that the FTSE 100 is entering a period of consolidation, and believes that the bear … “Stock market outlook: Volatility indicators point towards further downside”
USDJPY Sells Off, Targets Further Downside Pressure
USDJPY: The pair followed through lower on the back of its Thursday weakness during early trading on Friday. This leaves risk of more weakness. On the downside, support comes in at the 118.50 level where a break will target the 118.00 level. Below here if seen will aim at the 117.50 level followed by the … “USDJPY Sells Off, Targets Further Downside Pressure”